InfoQuest (December 4, 2020) - According to the Center of Economic and Business Forecasting fo the University of the Thai Chamber of Commerce, Thailand's consumer confidence index (CCI) rose for two consecutive months from 50.9 in October to 52.4 in November, reaching its peak in nearly nine months.
The overall economic sentiment indicator rose from 43.9 to 45.6, the employment confidence index from 49.0 to 50.0, and the future income confidence index from 59.9 to 61.6.
Favorable factors for this case include 6.4 percent year-on-year fall of GDP from July to September with a 6.5 percent growth compared with that of April to June 2020, the decline forecast of the GDP in 2020 being adjusted to 6 percent compared with earlier forecast of 7.3-7.8 percent, and a series of government policies to promote economic recovery at the end of the year.
Certainly, unfavorable factors may be observed, such as anxiety about the political situation, demonstrations and COVID-19, which will affect daily life, business and Thai economy, especially the tourism sector.
Source: InfoQuest, by Kasamarporn Kittisamphan/Rachada, translated by Xinhua Silk Road
Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.
A single purchase
